Buy the DIP, and HODL!

[Egii Nna]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund? Off cause they are same thing which is being used to solve unforseen circumstances that may or will arise. The fact that DCA method is the best and reliable way to invest in Bitcoin doesn't mean every other strategy is not good or doesn't exist and stop sounding like buying the Dip is not among the strategy. I disagree with this " waiting for the Dip you will end up buying a small quantity of Bitcoin", the fact that buy Dip is not the best or not advisable, doesn't mean one can not buy nice quantity of Bitcoin when there's Dip, anyone who's is prepared for the Dip and fortunately there happens to be a dip, that investor will buy a nice quantity of Bitcoin but if you are not prepared you will find it difficult to buy a nice quantity of Bitcoin so I think the key thing here is preparation. Note : I don't wait for a Dip but I take advantage whenever there's Dip if I have enough funds.

Nice question. Emergency fund are those fund that are keeping from your income for 3-6 months which you will save it for the purpose of emergencies like health bills, car repair, or when you lose your job. While reserve funds are those fund that can be use or saved for other things like small expenses or even small investment. That is why you don’t know their differences, because if you do you will know that it is a great financial mistake to join this two funds together.

They is one thing that always affects those that wait for the dip to purchase bitcoin. In the sense that you can only predict but you will never know when the dip will come, it might be the time of the dip you will find it very hard to have as enough money that you needed to accumulate bitcoin. But if you are using DCA strategic it will be very easy and low stress for you.

Mind you. Is not that am disputing the fact that buy in dip is not good. But am just trying to let him know that if really he want to accumulate enough bitcoin, then buy in dip will not help him. That is the fact. Because you as a beginner in purchasing or investing in bitcoin, you will not compare your self to the old investors that have more experience than you, or think you can do the same thing that they will do. So let be guide and focus on the things that we don’t know, and get more knowledge on them.

[Ruttoshi]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund? Off cause they are same thing which is being used to solve unforseen circumstances that may or will arise. The fact that DCA method is the best and reliable way to invest in Bitcoin doesn't mean every other strategy is not good or doesn't exist and stop sounding like buying the Dip is not among the strategy. I disagree with this " waiting for the Dip you will end up buying a small quantity of Bitcoin", the fact that buy Dip is not the best or not advisable, doesn't mean one can not buy nice quantity of Bitcoin when there's Dip, anyone who's is prepared for the Dip and fortunately there happens to be a dip, that investor will buy a nice quantity of Bitcoin but if you are not prepared you will find it difficult to buy a nice quantity of Bitcoin so I think the key thing here is preparation. Note : I don't wait for a Dip but I take advantage whenever there's Dip if I have enough funds.

Nice question. Emergency fund are those fund that are keeping from your income for 3-6 months which you will save it for the purpose of emergencies like health bills, car repair, or when you lose your job. While reserve funds are those fund that can be use or saved for other things like small expenses or even small investment. That is why you don’t know their differences, because if you do you will know that it is a great financial mistake to join this two funds together.

In addition to what you said above, emergency funds is very necessary when you are investing in bitcoin for long term because that is the back up to your bitcoin investment incase real emergency arises so that you don't go and sell your bitcoin to take care of such emergency. You are not to tamper with your emergency funds until there is a real emergency.

Reserve fund is a back up to your emergency funds which is use to take advantage of bitcoin price dip to increase your bitcoin stash i.e when the price of bitcoin dips, you use your reserve funds to buy more bitcoin because you buy at a cheaper rate while your DCA is ongoing. It is also good that this funds are in fiat for easy access. 

[Promocodeudo]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

A few days ago I entered the deep, where I chose to be aggressive in investing. At that time I took a completely independent opinion. Normally I invest in DCA monthly, as I am salaried monthly. But as I had money saved for the dip, I resorted to weekly DCA to buy the dip, which was only for 3 weeks. Later I again started saving money in reserve fund and preparing to buy dip. I haven't fully planned whether I will do DCA or buy lump sum during the next dip, but in the initial plan I am preparing to buy lump sum. I want advice from you guys, should I do frequent dip along with DCA? Or once a year or longer?

You seem to be confusing yourself buddy, if I may ask, what's the reason for reserve fund when embarking on Bitcoin investment? I think you are misprioritizing the major reason for reserve funds, I think you should understand that reserve funds are kept to Carter for unexpected needs, like health or any other stuffs, this reserve funds can alos be called emergency funds but buying the when the price is dip when you are already DCAing is what I dont I agree to.
How would an investor mention buying when the price of Bitcoin is dip when such investor is already making use of DCA method to accumulate Bitcoin, I think it would have been better if youl use half of your reserve funds to intensify your DCA aggressively that would have been understand than mentioning buying the dip, how do you even identify the dip and who knows if a dip will continue, buddy you dont frequent the dip since you are already DCAing, just continue buying at all time continuously but if you eventually have lump sum amount you can buy immediately not minding the price or the season because as i know, there is no specific time to buy in lump sum it all depends on when you have the lump sum amount and its not advisable to wait further because of other unforseen circumstances might make you to spend the money.

Why are you always mentioning the dip, don't you think is very confusing to me to people who already know what DCA method is, I think they major discussions here is the way we can acumulate Bitcoin without stress at all time with the helo of DCA method, so what concerns the dip, I think you should understand this thing for your own good, don't wait for something you can't control, just keep DCAing weekly or monthly depending on choice and your pocket ability but as for saving and waiting for the dip to DCA as you said which is confusing to many, wait no more keep doing as your financial ability permits to have a bulky portfolio and hodl for a long-term.

[Salahmu]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing.

Going by your forum registration date, we have been in dip (or at least consolidation) pretty much the whole time that you have been registered on the forum.  Did you start buying BTC around your forum registration date or some other date?  In other words, I am having some trouble understanding what you consider to be a dip.

Is a good question you asked because since February we have been on the dip and if I'm not mistaken that was the time he joined, so there is no logical explanation that shows that he has been use to buying at the dip unless he has started investing in Bitcoin earlier before that time which can possibly explain why because there are people who already learn about Bitcoin investment but were looking for a place to learn the right way of investing in Bitcoin or perhaps it could be that he perceives every Bitcoin price consolidation as a price increase and dip.

How would an investor mention buying when the price of Bitcoin is dip when such investor is already making use of DCA method to accumulate Bitcoin

Though there is nothing wrong if an investor talk about buying at dip even if they are already investing on Bitcoin through DCA strategy because you may not know whether the investor has other discretionary income he is not using at the moment so if at the process of investing on Bitcoin with the DCA and dip occurs is not bad if he accumulated from it because that's what we all want to always increase our portfolio and even JayJuanGee has also talk about it that there is nothing bad if someone buy more during the dip as they are DCAing so long as the discretionary income is enough.

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

Are you sure you really understand what you are saying? How can you perceive Bitcoin to be crypto exchange, you totally sounded preposterous because you are not really making any sense, how can the growth of altcoins be faster than Bitcoin when is already obvious that there is no other reliable and potential investment like Bitcoin or are you perhaps implying that there are altcoins more better than Bitcoin?, I can see that you are still a beginner who knows nothing about Bitcoin so I would implore you to have a rethink about any gain as you mention to derive from altcoins because is like a set up in disguise that gives you small and take a bigger amount from you, however should in case of next time I would advise you to channel this kind of discussion to the thread that supports it because is contrary to the Bitcoin investment we are talking about here.

[MainIbem]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

The reserve funds is like a long-term savings set asides against future debts and it helps one from going into taking loans in future whereas as the emergency funds is set aside for unexpected events like, medical bills, car repair bills, utility bills etc they different things altogether cause the reserve funds is set asides for some particular purposes, like future investment, financial opportunities etc but the emergency funds is basically for unplanned events the similarity they both share is that they can help one from going into debt. The reserve funds can be used to do the lump sum in a case where the market gives an investor the opportunity to buy Bitcoin at a more cheaper rate but that doesn't mean you should use your whole cash reserve funds for the lump sum. Whereas an emergency funds shouldn't be used for any method be it the DCA or lump sum it's strictly for unplanned events which are those emergency cases as stated earlier. So far an investor got a stable income they should be able to set aside the reserve funds from funds meant for emergency purposes.

[Justbillywitt]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund?
Emergency funds as the name implies, are funds that are kept aside which is to be use to attend to emergency needs or events that may arise in the future which we don't plan for, or have any knowledge that such will happen within the captured time frame. Let's say for example wind removing your roof during the storm. Situation like this is an emergency. And you will take funds from your emergency funds and fix it.

While reserved funds, are funds which are kept in a separate account, which you can turn to when your funds in the emergency funds account gets exhausted before the stipulated period which you intended for the emergency funds to last. Situation like this do occur when you experienced more emergencies than what you budgeted for. Let's say you made provision for 3 to 4 emergencies within a period of 6 months or less, but you ended up having up to 8 -10 emergencies. In this kind of situation it is natural that the money in your emergency funds account won't be enough to handle all. So it is at this point you now go to your reserve account and take money there and fund your emergency account.
 Emergency funds and reserve funds might sound alike to many people but there is a small difference between them and this is how I understand what emergency funds and reserve funds are.

[Fuso.hp]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund? Off cause they are same thing which is being used to solve unforseen circumstances that may or will arise. The fact that DCA method is the best and reliable way to invest in Bitcoin doesn't mean every other strategy is not good or doesn't exist and stop sounding like buying the Dip is not among the strategy. I disagree with this " waiting for the Dip you will end up buying a small quantity of Bitcoin", the fact that buy Dip is not the best or not advisable, doesn't mean one can not buy nice quantity of Bitcoin when there's Dip, anyone who's is prepared for the Dip and fortunately there happens to be a dip, that investor will buy a nice quantity of Bitcoin but if you are not prepared you will find it difficult to buy a nice quantity of Bitcoin so I think the key thing here is preparation. Note : I don't wait for a Dip but I take advantage whenever there's Dip if I have enough funds.

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping. 

Investing in Bitcoin in a long-term plan is very safe here, but investing in all other coins will never be so safe. There are many coins in the market which can disappear from the market at any time but there is no possibility of such happening in the case of Bitcoin. Bitcoin has been in the market for a long time and with the passage of time, the popularity of Bitcoin has increased a lot and the price of Bitcoin is currently at a very good level. 
An investor is always told that before investing that investor should first select the right coil for his investment. 

For example, I always put Bitcoin at the top of the investment list after all other coins in the market, but that investment is short-term and with relatively small amounts of money.

[Callido]

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping. 

I partially will disagree on this not all are dependent, some are independent as well. The  term likely to be used is "Bitcoin correlation". Bitcoin is said to be highly correlated to as many cryptocurrencies, mostly the top ones but we can not generalize it to all. There are some cryptocurrencies whose price movement is not affected at all by the fluctuation of Bitcoin prices. Price movements on this cryptocurrencies are dependent on so many other factors including the potentials of the coin and what it was created to serve, since they are not decentralized as Bitcoin, partnership can also play massive role when dealing with the price fluctuations.

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

From the details on your post, it's an advise for investors to choose other cryptocurrencies over Bitcoin because of how much profits can be made coincidentally, this should not be misleading as this thread may not be able to conduce such a suggestion. When we talk about this form of investment, Bitcoin supersedes not just on how long but also potentials, trust for adoption and longevity which is a big threat for many new cryptocurrencies as they quickly fade out the market, giving their investor loses.

[Bitcoin Smith]

I do frequently mention to guys if you cannot resist but to trade bitcoin or shitcoins or to get involved in shitcoins, then at least with those kinds of gambling behaviors, it would be prudent of you to at least limit the size of your gambling/trade and/or shitcoin exposure to less than 10% the size of your bitcoin holdings.. yet I also understand that gamblers tend to not be able to help themselves and they are not going to consider 10% to be enough.. and that is their problem if they cannot limit or control their gambling, just like it seems to be your problem asarfiar that you are getting distracted into believing that you might be able to get in and out of some shitcoin(s) and then do better than just by being into bitcoin, and you want to try to convince others in this thread of the same, which is out of place and you should go to some other thread with your bullshit pumping of shitcoins and/or promoting trading(gambling).

Some folks think that they can outsmart the market by playing in and out game with shitcoins and hoping for big win which is like running through a minefield while blindfolded, they might make it out with all the limbs intact but it's worth the risk? 

The gambler's mentality and shitcoin trades have things in common like "Just one more trade, I’ll make it big this time!"—until you’re left holding bags of vaporware, wondering where all your Bitcoin went. But if they can't control their urge to gamble away their bitcoin then it's on their own but bragging it on others and convincing them to do it by saying this is an actual trading strategy to make money should be discouraged completely.

Stick ourselves to bitcoin and we will thank ourselves in the next few years for doing it.

[Jewan420]

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Many people have asked so many questions, it is difficult for me to answer each one in quotes. But I want to clarify few questions.

I am not combining reserve fund and emergency fund at all. You misunderstood my entire sentence. I keep both the emergency fund and the reserve fund under the same name, but the two are used in different ways. For example we use reserve fund for reserve fund and emergency fund for emergency fund. I have not used the emergency fund yet, it is still intact as I have to say, I have not yet faced an unexpected situation where the emergency fund is needed. Because I take a different strategy in my economy planning (as mentioned earlier) where I don't have to tap into reserve funds for small expenses. I use it to be aggressive in investing, I was aggressive in investing a few days ago when the price of Bitcoin dropped to $53k-$54k. Many people have been confused by the fact that such a price of Bitcoin is called a dip, so I am correcting that and apologize for the mistake. I don't think it's wrong to keep DCA running and wait to buy the dip, because here I can have freedom.

I got enough help to start investing and learn investing, after just a few months of joining the forum I was advised and given enough help to start investing. But then my source of income was not very developed and since the demand was low I started investing in small amount. But now I have one source of income and am self-reliant in investments.

[ginsan]

Many people have asked so many questions, it is difficult for me to answer each one in quotes. But I want to clarify few questions.

I am not combining reserve fund and emergency fund at all. You misunderstood my entire sentence. I keep both the emergency fund and the reserve fund under the same name, but the two are used in different ways. For example we use reserve fund for reserve fund and emergency fund for emergency fund. I have not used the emergency fund yet, it is still intact as I have to say, I have not yet faced an unexpected situation where the emergency fund is needed. Because I take a different strategy in my economy planning (as mentioned earlier) where I don't have to tap into reserve funds for small expenses. I use it to be aggressive in investing, I was aggressive in investing a few days ago when the price of Bitcoin dropped to $53k-$54k. Many people have been confused by the fact that such a price of Bitcoin is called a dip, so I am correcting that and apologize for the mistake. I don't think it's wrong to keep DCA running and wait to buy the dip, because here I can have freedom.

I got enough help to start investing and learn investing, after just a few months of joining the forum I was advised and given enough help to start investing. But then my source of income was not very developed and since the demand was low I started investing in small amount. But now I have one source of income and am self-reliant in investments.

Don't be discouraged quickly, friends, make regular investments, whether in small amounts, of course it doesn't matter, the important thing is that you are able to maintain your investment rate with regular purchases. Indeed, sometimes our income is uncertain, sometimes high or low, but we stick to our plan to continue buying bitcoins.

I have gone through a difficult stage like you feel, but I can get through it because I will not skip purchases at every stage, even though at that stage the execution that is done is much smaller, but I still do it.

Consistency will bring you success in your investment journey. It only takes a strong mental push to get through a difficult point when your economy is declining, keep believing in the plan and do it, of course you will be motivated to increase purchases again with a standard amount when your income returns to normal.

[JayJuanGee]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund?
Emergency funds as the name implies, are funds that are kept aside which is to be use to attend to emergency needs or events that may arise in the future which we don't plan for, or have any knowledge that such will happen within the captured time frame. Let's say for example wind removing your roof during the storm. Situation like this is an emergency. And you will take funds from your emergency funds and fix it.

While reserved funds, are funds which are kept in a separate account, which you can turn to when your funds in the emergency funds account gets exhausted before the stipulated period which you intended for the emergency funds to last. Situation like this do occur when you experienced more emergencies than what you budgeted for. Let's say you made provision for 3 to 4 emergencies within a period of 6 months or less, but you ended up having up to 8 -10 emergencies. In this kind of situation it is natural that the money in your emergency funds account won't be enough to handle all. So it is at this point you now go to your reserve account and take money there and fund your emergency account.
 Emergency funds and reserve funds might sound alike to many people but there is a small difference between them and this is how I understand what emergency funds and reserve funds are.

Within this responsive post, I fixed your quote Justbillywitt.

I like to think about emergency funds and reserve funds as two type of back up funds, and emergency funds are the last step prior to touching your BTC, so emergency funds should never be used for anything absent an actual emergency, and if you end up having to dip into your emergency funds for anything, you should be wanting to replace them as soon as possible so that you are prepared for any emergency that might end up happening.

If you are largely taking cashflow and keeping reasonable amounts of cash cushions and even investing into bitcoin in reasonable kinds of ways, even if you are aggressive in your bitcoin investment, you should still not be having emergencies, and if you have ever noticed folks who are not very good at managing their cashflows, they are frequently having emergencies, so you shouldn't want to live in that kind of a way, and part of the benefits of having organized finances is to have some calmness because you live within your means and you maintain various kinds of cash cushions that you respect, and if you violate them, you are purposefully doing so and maybe not very often, especially in regards to keeping at least 3 months of emergency funds available in case some or all of your income dries up or you suffer from some unexpected expenses that are beyond normal kinds of unexpected expenses that sometimes might happen from time to time.

Reserve funds have less priority than emergency funds, and they can be designated for a variety of things, yet it seems likely that almost any of the reserve funds would be tapped into prior to tapping into the emergency funds.. that is unless you have extra emergency funds and if you have extra emergency funds than the extra portion of your emergency funds might merely be serviing as some kind of a reserve fund, since the actual emergency funds should not be touched absent an actual emergency.

Sometimes we might be arguing about semantics, and maybe it does not matter so much what we call the various funds; however, sometimes the way that we call the various kinds of back up funds can help us better to understand how to use such categorizations to help us to achieve some of our objectives, and  if we are trying to put ourselves into a better financial position and we would like to accomplish getting as rich as we can as fast as we can, without putting ourselves too much at risk, then sometimes we still should have patience in regards to how long it is going to take and to try to solidify our practices so that we don't end up rushing ourselves so much that we end up recking ourselves by engaging in gambling rather than investing.. So the reasons to have these protections in place is to help us to achieve our objectives in terms of doing as well as we can based on our own financial and psychological circumstances.

For example, let's say that we usually invest into bitcoin around $100 per week, yet we still have another $100 per week that we set aside for various kinds of extra expenses that we might have, and maybe we might sometimes allow the other $100 per week get to a certain size before we start to buy bitcoin with it, yet if we know that we have some extra expenses coming up such as we know that 1) we have to take our spouse on a trip in one month that is going to cost around $500 (this solidifies our spousal relationship), 2) we know that within the next month or two we need to update our computer & phone which is going to cost $1,100 (this improves our productivity and may even allow us to earn more income), and 3) within this same month, we also have pretty much promised to buy our kid a bicycle for $200 (this is an obligation that we have). We can see that our total extra obligations within the next month or two is around $1,800, and if so far we have saved up $1,200, then we pretty much are on track to have all of the money within the next 6 weeks - however, if suddenly our car breaks down, and we have to take $500 from our reserve fund to cover that car expense (especially if we might have to use our car for our work), then we are faced with a bit of a dilemma regarding how to prioritize our expenses, which also might mean that we might have to reduce our BTC investment during the period that we are meeting those obligations.  So probably we would take from our various reserve funds prior to touching our emergency funds, and we might even have to cut back on buying BTC prior to completely depleting our reserves and/or having to be in a place that we would have to tap into our emergency fund.  Sure the car breaking down could nearly rise to the level of an emergency, and surely the car could end up breaking after we had completely depleted our reserve funds, and sometimes, we might end up getting ourselves into a kind of tough situation if we don't have enough reserves to cover all of our expenses.. yet we still might have to figure out how to prioritize them within our own set of priorities.

There are many differences between Bitcoin and other coins in the market. All other coins in the market are directly dependent on Bitcoin. That is, if you observe the market of other coins in the market, on the contrary, if you observe the market of Bitcoin, then you will definitely see the difference. When the value of Bitcoin fluctuates slightly, the value of all other coins in the market fluctuates. Again it happens that there are some coins that will dump in line with the Bitcoin market but when Bitcoin is pumping again those coins are not pumping. 

I partially will disagree on this not all are dependent, some are independent as well. The  term likely to be used is "Bitcoin correlation". Bitcoin is said to be highly correlated to as many cryptocurrencies, mostly the top ones but we can not generalize it to all. There are some cryptocurrencies whose price movement is not affected at all by the fluctuation of Bitcoin prices. Price movements on this cryptocurrencies are dependent on so many other factors including the potentials of the coin and what it was created to serve, since they are not decentralized as Bitcoin, partnership can also play massive role when dealing with the price fluctuations.

You sound confused Callido - like you are trying to find a reason to fuck around with shitcoins and/or to give them more credit than they deserve.

When you think about correlation, it is better to think of bitcoin as king daddy rather than trying to suggest that bitcoin is correlated to shitcoins.  It is like you are trying to say that the tail wags the dog, when if you know anything about dogs, you realize that the dog wags the tail, and in this case bitcoin is the dog, not the tail.

Essentially all shitcoins are dependent upon bitcoin's success in order for them to have any kind of chance of having any kind of market.  Sure various shitcoins can pump and dump based on their independent factors too, but if you cannot recognize that bitcoin is the leader in the space and that all shitcoins are correlated to bitcoin, then you are likely lost, and you have not yet figured out what bitcoin is.... which I think it would be better for anyone trying to dabble with bitcoin and/or with shitcoins to learn about bitcoin first, yet there are so many shitcoiners who don't even really realize what bitcoin is, since they are so wrapped up in their various little crap token ecosystems and even falsely concluding that they are independent from bitcoin and various other kinds of blah blah blah to pump their nonsense.

Don't get me wrong, I am not proclaiming that shitcoins are going to be going away anytime soon or that there might not be some potential valuable developments that happen in shitcoins that end up either getting ported into bitcoin or to allow for bitcoiners (or bitcoin developers) to learn what not to do. The mere fact that there might be some back and forth learnings or even some monetary affects that come from shitcoin pumping and/or dumping on bitcoin does not mean that bitcoin is all of a sudden dependent on shitcoins for its ongoing existence or the ways that it grows or fails to grow.

Get involved in shitcoins with your time, energy and money at your own peril, and hopefully you don't get too distracted into that crap.. so maybe if you limit any kind of investment that you put into shitcoins to less than 10% of your bitcoin investment, then at least you will be going down the road to prioritizing the right thing, ie bitcoin.

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

From the details on your post, it's an advise for investors to choose other cryptocurrencies over Bitcoin because of how much profits can be made coincidentally, this should not be misleading as this thread may not be able to conduce such a suggestion. When we talk about this form of investment, Bitcoin supersedes not just on how long but also potentials, trust for adoption and longevity which is a big threat for many new cryptocurrencies as they quickly fade out the market, giving their investor loses.

Well, at least you recognize bitcoin as the leader and potentially as the prize, too, which likely means that you are not totally a lost cause, Callido.. hahahahahaha

[letteredhub]

With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

We talking about real investment here in this space and not about gambling with money through altcoins as you suggested. True bitcoin has been phenomenal and has paved way for other cryptocurrencies to enter into the market but bitcoin is entirely different from altcoins. And every dip in bitcoin price is more like an opportunity for a DCA investors unlike altcoins where almost any dip can send those shitcoins to a journey of no return (dump). No experienced investor that want to invest long will buy the idea of investing in an altcoin except there's some sort of ignorance somewhere in the middle.

[Stablexcoin]

You sound confused Callido - like you are trying to find a reason to fuck around with shitcoins and/or to give them more credit than they deserve.

When you think about correlation, it is better to think of bitcoin as king daddy rather than trying to suggest that bitcoin is correlated to shitcoins.  It is like you are trying to say that the tail wags the dog, when if you know anything about dogs, you realize that the dog wags the tail, and in this case bitcoin is the dog, not the tail.

Essentially all shitcoins are dependent upon bitcoin's success in order for them to have any kind of chance of having any kind of market.  Sure various shitcoins can pump and dump based on their independent factors too, but if you cannot recognize that bitcoin is the leader in the space and that all shitcoins are correlated to bitcoin, then you are likely lost, and you have not yet figured out what bitcoin is.... which I think it would be better for anyone trying to dabble with bitcoin and/or with shitcoins to learn about bitcoin first, yet there are so many shitcoiners who don't even really realize what bitcoin is, since they are so wrapped up in their various little crap token ecosystems and even falsely concluding that they are independent from bitcoin and various other kinds of blah blah blah to pump their nonsense.

Don't get me wrong, I am not proclaiming that shitcoins are going to be going away anytime soon or that there might not be some potential valuable developments that happen in shitcoins that end up either getting ported into bitcoin or to allow for bitcoiners (or bitcoin developers) to learn what not to do. The mere fact that there might be some back and forth learnings or even some monetary affects that come from shitcoin pumping and/or dumping on bitcoin does not mean that bitcoin is all of a sudden dependent on shitcoins for its ongoing existence or the ways that it grows or fails to grow.

Get involved in shitcoins with your time, energy and money at your own peril, and hopefully you don't get too distracted into that crap.. so maybe if you limit any kind of investment that you put into shitcoins to less than 10% of your bitcoin investment, then at least you will be going down the road to prioritizing the right thing, ie bitcoin.

This is a well-detailed response to clarify @Callido thank you. It's best if we all know who is superior to others and in this case, Bitcoin is superior irrespective of shitcoin being depended on it. Bitcoin movements indeed tend to affect shitcoins but there are times when Bitcoin goes down and then some shitcoins still manage to retain its price or go up. Apart from Bitcoin, other factors affect shitcoin and that shouldn't even be discussed here.

Sometimes people need to be taught a lesson by themselves so that they can realize their mistake and stop thinking investing in shitcoins is a way for diversification. Meanwhile, it's just a distraction that keeps them away from staying consistent in their Bitcoin investment. If they want to make money quickly then they stop deceiving themselves of Bitcoin investment and go astray with shticoins.

It's so sad that we can guide people but anyway, they will still make their own decisions. As long as people think they can get rich quickly there will be shitcoins everywhere. Fuck it!

[Wind_FURY]

To the people who have not started accumulating because they believe that October will merely be another month of price compression,

- You might be right, BUT when you go to October 31, see the price, AND you're wrong, YOU WILL be begging to GOD to give you a time-machine for you to go back to this day and BUY Bitcoin with EVERYTHING in your bank account.

This chart is posted in OP, and it's the only chart that you need to see, https://bitcoin.zorinaq.com/price/

ZOOM OUT.

[Egii Nna]

Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
 Or should I buy a lump sum with the whole amount?

I don’t think you still understand how to accumulate bitcoin. That is why you are not getting the point, because how can  you mix  your reserve fund for both emergencies and buying bitcoin at dip? Did you even know the difference of emergency fund and reserve fund in financial management? I think you don’t know that is why you are saying all this. Because if you do you would have known that the best way to accumulate bitcoin is by using DCA strategies not waiting for dip to buy. Because if you are waiting for a dip you will end up buying a small quantity of bitcoin. Moreover if you are using DCA strategy you will be able to purchase bitcoin bit by bit in different price and even in dip it will not affect you that much, because you didn’t buy them all at the same time. But I don’t know what is wrong with you that you failed to understand.

Why are you confusing yourself dude, if I may ask you what is the difference between emergency fund and reserve fund?
Emergency funds as the name implies, are funds that are kept aside which is to be use to attend to emergency needs or events that may arise in the future which we don't plan for, or have any knowledge that such will happen within the captured time frame. Let's say for example wind removing your roof during the storm. Situation like this is an emergency. And you will take funds from your emergency funds and fix it.

While reserved funds, are funds which are kept in a separate account, which you can turn to when your funds in the emergency funds account gets exhausted before the stipulated period which you intended for the emergency funds to last. Situation like this do occur when you experienced more emergencies than what you budgeted for. Let's say you made provision for 3 to 4 emergencies within a period of 6 months or less, but you ended up having up to 8 -10 emergencies. In this kind of situation it is natural that the money in your emergency funds account won't be enough to handle all. So it is at this point you now go to your reserve account and take money there and fund your emergency account.
 Emergency funds and reserve funds might sound alike to many people but there is a small difference between them and this is how I understand what emergency funds and reserve funds are.

Within this responsive post, I fixed your quote Justbillywitt.

I like to think about emergency funds and reserve funds as two type of back up funds, and emergency funds are the last step prior to touching your BTC, so emergency funds should never be used for anything absent an actual emergency, and if you end up having to dip into your emergency funds for anything, you should be wanting to replace them as soon as possible so that you are prepared for any emergency that might end up happening.

If you are largely taking cashflow and keeping reasonable amounts of cash cushions and even investing into bitcoin in reasonable kinds of ways, even if you are aggressive in your bitcoin investment, you should still not be having emergencies, and if you have ever noticed folks who are not very good at managing their cashflows, they are frequently having emergencies, so you shouldn't want to live in that kind of a way, and part of the benefits of having organized finances is to have some calmness because you live within your means and you maintain various kinds of cash cushions that you respect, and if you violate them, you are purposefully doing so and maybe not very often, especially in regards to keeping at least 3 months of emergency funds available in case some or all of your income dries up or you suffer from some unexpected expenses that are beyond normal kinds of unexpected expenses that sometimes might happen from time to time.

Reserve funds have less priority than emergency funds, and they can be designated for a variety of things, yet it seems likely that almost any of the reserve funds would be tapped into prior to tapping into the emergency funds.. that is unless you have extra emergency funds and if you have extra emergency funds than the extra portion of your emergency funds might merely be serviing as some kind of a reserve fund, since the actual emergency funds should not be touched absent an actual emergency.

Sometimes we might be arguing about semantics, and maybe it does not matter so much what we call the various funds; however, sometimes the way that we call the various kinds of back up funds can help us better to understand how to use such categorizations to help us to achieve some of our objectives, and  if we are trying to put ourselves into a better financial position and we would like to accomplish getting as rich as we can as fast as we can, without putting ourselves too much at risk, then sometimes we still should have patience in regards to how long it is going to take and to try to solidify our practices so that we don't end up rushing ourselves so much that we end up recking ourselves by engaging in gambling rather than investing.. So the reasons to have these protections in place is to help us to achieve our objectives in terms of doing as well as we can based on our own financial and psychological circumstances.

For example, let's say that we usually invest into bitcoin around $100 per week, yet we still have another $100 per week that we set aside for various kinds of extra expenses that we might have, and maybe we might sometimes allow the other $100 per week get to a certain size before we start to buy bitcoin with it, yet if we know that we have some extra expenses coming up such as we know that 1) we have to take our spouse on a trip in one month that is going to cost around $500 (this solidifies our spousal relationship), 2) we know that within the next month or two we need to update our computer & phone which is going to cost $1,100 (this improves our productivity and may even allow us to earn more income), and 3) within this same month, we also have pretty much promised to buy our kid a bicycle for $200 (this is an obligation that we have). We can see that our total extra obligations within the next month or two is around $1,800, and if so far we have saved up $1,200, then we pretty much are on track to have all of the money within the next 6 weeks - however, if suddenly our car breaks down, and we have to take $500 from our reserve fund to cover that car expense (especially if we might have to use our car for our work), then we are faced with a bit of a dilemma regarding how to prioritize our expenses, which also might mean that we might have to reduce our BTC investment during the period that we are meeting those obligations.  So probably we would take from our various reserve funds prior to touching our emergency funds, and we might even have to cut back on buying BTC prior to completely depleting our reserves and/or having to be in a place that we would have to tap into our emergency fund.  Sure the car breaking down could nearly rise to the level of an emergency, and surely the car could end up breaking after we had completely depleted our reserve funds, and sometimes, we might end up getting ourselves into a kind of tough situation if we don't have enough reserves to cover all of our expenses.. yet we still might have to figure out how to prioritize them within our own set of priorities.

Wow, you are really a tutor, just see the way you breakdown everything for everyone, this is what I call explanation in detail, in which you explain their difference of everyone. Because must people can’t differentiate between emergency funds and reserve funds, most of them think that it is all the same that is why they mix them together. Moreover emergency fund is only use when you have a critical emergency not for some mile emergency.

There is where you wrote that “if you end up having to dip into your emergency funds for anything, you should be wanting to replace them as soon as possible so that you are prepared for any emergency that might end up happening.” Which is the best advice to give a person. Because some will not have the same idea and they will end up suffering of selling their bitcoin investment at lost to take care of their emergencies.

[MainIbem]

Bitcoin is the forerunner of all cryptocurrency exchanges, which we can see that the whole world has seen the rise of cryptocurrency through Bitcoin. Simply put, Bitcoin reigns supreme when it comes to cryptocurrency discussions.
 Based on the market performance we can say that investing in Bitcoin is a safe option, but the growth of Altcoins is fast and phenomenal. Besides Bitcoin we can dip other Altcoins because there are many Altcoins which have increased by almost 1000% in 4 months. With such gains comes risk although Altcoin dips will be riskier than Bitcoin dips.

We talking about real investment here in this space and not about gambling with money through altcoins as you suggested. True bitcoin has been phenomenal and has paved way for other cryptocurrencies to enter into the market but bitcoin is entirely different from altcoins. And every dip in bitcoin price is more like an opportunity for a DCA investors unlike altcoins where almost any dip can send those shitcoins to a journey of no return (dump). No experienced investor that want to invest long will buy the idea of investing in an altcoin except there's some sort of ignorance somewhere in the middle.

You're right @ letterhub, that statement could mislead newbies who are about to start their investment journey to deviate from the main point of focus into investing on shitcoins cause they'll feel that their are good alts that could make 1000% in the next bull run, most of these newbies are very naive and would jump into any opportunity they see in this space based on the information they get from older members so it's in our best interest to pass the right informations here based on those sets of people. Altcoins is not a good investment option due to the high risk factor involved in it, it's mostly for traders willing to take the risk and any experienced investors would teach people to prioritise buying Bitcoin and invest for a long time and use good methods like the DCA to help them on their investment journey. Bitcoin is superior to all others and still remains the best Cryptocurrency for investment regardless of how well several Altcoins have gained profits to people over the years.

[Justbillywitt]

Within this responsive post, I fixed your quote Justbillywitt.

I like to think about emergency funds and reserve funds as two type of back up funds, and emergency funds are the last step prior to touching your BTC, so emergency funds should never be used for anything absent an actual emergency, and if you end up having to dip into your emergency funds for anything, you should be wanting to replace them as soon as possible so that you are prepared for any emergency that might end up happening.

If you are largely taking cashflow and keeping reasonable amounts of cash cushions and even investing into bitcoin in reasonable kinds of ways, even if you are aggressive in your bitcoin investment, you should still not be having emergencies, and if you have ever noticed folks who are not very good at managing their cashflows, they are frequently having emergencies, so you shouldn't want to live in that kind of a way, and part of the benefits of having organized finances is to have some calmness because you live within your means and you maintain various kinds of cash cushions that you respect, and if you violate them, you are purposefully doing so and maybe not very often, especially in regards to keeping at least 3 months of emergency funds available in case some or all of your income dries up or you suffer from some unexpected expenses that are beyond normal kinds of unexpected expenses that sometimes might happen from time to time.

Reserve funds have less priority than emergency funds, and they can be designated for a variety of things, yet it seems likely that almost any of the reserve funds would be tapped into prior to tapping into the emergency funds.. that is unless you have extra emergency funds and if you have extra emergency funds than the extra portion of your emergency funds might merely be serviing as some kind of a reserve fund, since the actual emergency funds should not be touched absent an actual emergency.

Sometimes we might be arguing about semantics, and maybe it does not matter so much what we call the various funds; however, sometimes the way that we call the various kinds of back up funds can help us better to understand how to use such categorizations to help us to achieve some of our objectives, and  if we are trying to put ourselves into a better financial position and we would like to accomplish getting as rich as we can as fast as we can, without putting ourselves too much at risk, then sometimes we still should have patience in regards to how long it is going to take and to try to solidify our practices so that we don't end up rushing ourselves so much that we end up recking ourselves by engaging in gambling rather than investing.. So the reasons to have these protections in place is to help us to achieve our objectives in terms of doing as well as we can based on our own financial and psychological circumstances.

For example, let's say that we usually invest into bitcoin around $100 per week, yet we still have another $100 per week that we set aside for various kinds of extra expenses that we might have, and maybe we might sometimes allow the other $100 per week get to a certain size before we start to buy bitcoin with it, yet if we know that we have some extra expenses coming up such as we know that 1) we have to take our spouse on a trip in one month that is going to cost around $500 (this solidifies our spousal relationship), 2) we know that within the next month or two we need to update our computer & phone which is going to cost $1,100 (this improves our productivity and may even allow us to earn more income), and 3) within this same month, we also have pretty much promised to buy our kid a bicycle for $200 (this is an obligation that we have). We can see that our total extra obligations within the next month or two is around $1,800, and if so far we have saved up $1,200, then we pretty much are on track to have all of the money within the next 6 weeks - however, if suddenly our car breaks down, and we have to take $500 from our reserve fund to cover that car expense (especially if we might have to use our car for our work), then we are faced with a bit of a dilemma regarding how to prioritize our expenses, which also might mean that we might have to reduce our BTC investment during the period that we are meeting those obligations.  So probably we would take from our various reserve funds prior to touching our emergency funds, and we might even have to cut back on buying BTC prior to completely depleting our reserves and/or having to be in a place that we would have to tap into our emergency fund.  Sure the car breaking down could nearly rise to the level of an emergency, and surely the car could end up breaking after we had completely depleted our reserve funds, and sometimes, we might end up getting ourselves into a kind of tough situation if we don't have enough reserves to cover all of our expenses.. yet we still might have to figure out how to prioritize them within our own set of priorities.

Thank you @JJG for the clarification and making me understand the order at which reserve funds and emergency funds are applicable. Initially I was thinking that it was emergency funds that should be our go to before reserve funds, but with your detailed and simplified explanation I now understand the complete difference between the two funds and which one should be utilize first before the other one. For your explanation I have also understood that at some point when the need arise we should know when to cut down our weekly budget on bitcoin investment and also known when to increase it as our obligations increases/decreases. I really appreciate your efforts in putting me on the right track my leader!!

[EclipseXcrypto]

You sound confused Callido - like you are trying to find a reason to fuck around with shitcoins and/or to give them more credit than they deserve.

When you think about correlation, it is better to think of bitcoin as king daddy rather than trying to suggest that bitcoin is correlated to shitcoins.  It is like you are trying to say that the tail wags the dog, when if you know anything about dogs, you realize that the dog wags the tail, and in this case bitcoin is the dog, not the tail.

Essentially all shitcoins are dependent upon bitcoin's success in order for them to have any kind of chance of having any kind of market.  Sure various shitcoins can pump and dump based on their independent factors too, but if you cannot recognize that bitcoin is the leader in the space and that all shitcoins are correlated to bitcoin, then you are likely lost, and you have not yet figured out what bitcoin is.... which I think it would be better for anyone trying to dabble with bitcoin and/or with shitcoins to learn about bitcoin first, yet there are so many shitcoiners who don't even really realize what bitcoin is, since they are so wrapped up in their various little crap token ecosystems and even falsely concluding that they are independent from bitcoin and various other kinds of blah blah blah to pump their nonsense.

Don't get me wrong, I am not proclaiming that shitcoins are going to be going away anytime soon or that there might not be some potential valuable developments that happen in shitcoins that end up either getting ported into bitcoin or to allow for bitcoiners (or bitcoin developers) to learn what not to do. The mere fact that there might be some back and forth learnings or even some monetary affects that come from shitcoin pumping and/or dumping on bitcoin does not mean that bitcoin is all of a sudden dependent on shitcoins for its ongoing existence or the ways that it grows or fails to grow.

Get involved in shitcoins with your time, energy and money at your own peril, and hopefully you don't get too distracted into that crap.. so maybe if you limit any kind of investment that you put into shitcoins to less than 10% of your bitcoin investment, then at least you will be going down the road to prioritizing the right thing, ie bitcoin.

This is a well-detailed response to clarify @Callido thank you. It's best if we all know who is superior to others and in this case, Bitcoin is superior irrespective of shitcoin being depended on it. Bitcoin movements indeed tend to affect shitcoins but there are times when Bitcoin goes down and then some shitcoins still manage to retain its price or go up. Apart from Bitcoin, other factors affect shitcoin and that shouldn't even be discussed here.

Sometimes people need to be taught a lesson by themselves so that they can realize their mistake and stop thinking investing in shitcoins is a way for diversification. Meanwhile, it's just a distraction that keeps them away from staying consistent in their Bitcoin investment. If they want to make money quickly then they stop deceiving themselves of Bitcoin investment and go astray with shticoins.

It's so sad that we can guide people but anyway, they will still make their own decisions. As long as people think they can get rich quickly there will be shitcoins everywhere. Fuck it!

It's smart to keep the focus on bitcoin and stay committed to a solid investment like bitcoin, some individuals need to limit their exposure to shitcoins because they offer unrealistic juicy promises that can be tempting, but often leads to disappointment. Keep your focus sharp and not getting lured into the hype. I wonder why some folks need to learn the hard way  before realising that they are fucked by shitcoins, instead of staying focused and committed on the long term benefits of bitcoin.

It crucial to to recognise bitcoins position as the leader in this space. Shitcoins might have their independence but the overall market are heavily influenced by bitcoin.

[bubilas]

After reading more replies in this thread I realized that the discussion here goes beyond just buying Bitcoin, and the main accumulation method is DCA. Thanks for your clarification and patience in explaining, it's a pity that not everyone can treat newcomers in this thread so well. Well, as far as I understand, the DCA method has an interesting aspect regarding the fact that if you buy Bitcoin every month, then all such investors will still have different results, because there are thirty days in a month and, for example, two HODLers will have different results due to prices.

Exactly the point buddy, the major concentration and mindset of many bitcoiners here is the long-term goal achievement, we are not just talking about buying because one can keep buying and get discouraged on the way because of lack of planning and inability to realize that as an investor you don't need to invest all your earnings, there should be funds left for an investor carter for other needs that's why @JayJuanGee with other active participants here always talk about DCA mathod because it enabled you to invest with the little you can gradually, continuously and steadily without stress, this method gives you room not to invest in way that surpass your financial ability, am happy that you are now finding this thread interesting.
This DCA method was introduced to allow people to buy the amount they can not minding the price of Bitcoin at all tome

I think Bitcoin investment would have been for the rich alone or people that has lump sum amount but with this DCA method, every interested individuals have a stake in Bitcoin as far as they DCA with what they can sustain continuously, we should also know that DCA method is a smart method of investing in Bitcoin because it gives us the opportunity to keep acumulating Bitcoin in smart way that will surprise any intending or existing investor that keeps waiting for the dip to come before they can start buying which might not come, with this method the price of Bitcoin doesn't matter to you since our mindset is centered on a long-term which is the major reason for the investment.

Yes, definitely every hodler will have different result as you said not only because of the price but the amount they are DCAinv with, every individual has an amount they are DCAing with monthly or weekly which may also change as time goes by, so their holdings will never be the same irrespective of the price of Bitcoin.

Now I understand that the DCA method is very long-term. This means that it does not matter who bought Bitcoin on what date in the month, because over time, the moving average will be the same for everyone, over a very long distance. But this is true, because the method does not assume short terms.

Also, after thinking, I found a plus in the DCA method: you do not need to constantly worry about the price of Bitcoin at the moment, and this advantage eliminates stress and constant price checks.